Charitable Giving As Part of Your Financial Strategy

As you bring this year to a close and review whether you reached your financial goals, you should also be asking yourself one important question: Did I make charitable contributions in 2015?

If your answer is yes, you likely made a smart move that can play out well for you financially. Yes, charitable giving is simply a great thing to do from a philanthropic standpoint, but there are benefits to your giving. If your answer is no, that’s okay, too. There are still few weeks left before the year ends, and now would be a good time to devise a strategy that can benefit your heart and your pockets.

With careful planning, you can make charitable giving an important part of your estate planning. You can also use your finances to expand charitable giving beyond the holiday season and make it a year-round commitment. Choosing charities you believe in or groups that share your philanthropic goals can help you make the most out of your donations.

When it comes to charitable giving, you might be surprised at the options and ways you can do it. Ask your financial advisor about Donor Advised Funds, Charitable Trusts, and Private Foundations. Also, talk to your advisor about the tax benefits and the tax rules that go along with the type of contribution you want to make. There may be certain restrictions or guidelines behind what you donate that you should take into consideration before the donation is made. If you intend on making a gift to a family member (in the form of a donation), you definitely want to be mindful of how your generous act can impact your overall financial plan.

If you want to get a brief education on charitable giving before talking to your advisor, request a copy of our short guide on Charitable Giving. This guide offers an excellent opportunity to bring yourself up to speed on types of charitable giving, tax implications, and more. Or, if you have a specific question then you can always contact an advisor.

3 Innovative Companies That Are Changing The World

Posted on December 13, 2018December 13, 2018

How you may be able to buck the trend of investing in a stock market with a dwindling number of… Read More

Planning The 5 Years Prior To Retirement

Posted on December 10, 2018December 10, 2018

When you get to this place, it may be hard to believe. After all, we work all of our adult… Read More

How Women Can Take Control Of Their Financial Lives

Posted on December 5, 2018December 6, 2018

New research has confirmed something that I’ve long suspected – there is a gender gap when it comes to knowledge… Read More

Capital Investment Advisors Expands Footprint In Tampa Bay Area

Posted on November 29, 2018

Capital Investment Advisors is proud to announce the expansion of our firm into the Tampa Bay area. According to Wes… Read More

Wes Moss Featured On Bankrate: Recession Warning Signs To Look Out For And Tips To Protect Yourself

Posted on November 28, 2018

Recessions happen. “A recession is always pending and will certainly happen again at some point,” says Wes Moss, the host… Read More

What Is Your Investment Risk Tolerance?

Posted on November 26, 2018

This fall has been a stressful roller coaster ride for many investors — harrowing and sometimes gut-wrenching. While we can’t… Read More

Good News For Those Who Got A Slow Start On Retirement Savings

Posted on November 12, 2018

Do you have enough saved for retirement? Probably not, if you are basing your analysis on numbers touted by Wall… Read More

Wes Moss Interview With David Bach

Posted on November 7, 2018November 7, 2018

David Bach is one of America’s favorite financial professionals. He is the author of The Automatic Millionaire and eight other… Read More

How Sears Went From The ‘Amazon Of Its Time’ To Financial Ruin – A Lesson For Investors

Posted on November 7, 2018November 7, 2018

Americans don’t shop at Sears anymore, but the once-mighty catalog retailer has one more product to deliver – a lesson… Read More

“Living Near, But Not With, the Kids”: And, Other Important Rules for Retirement Happiness

Posted on November 7, 2018

Considering the decades of financial and emotional investment parents make into their kids, it’s no surprise that, even in retirement,… Read More

While Uncomfortable, Stock Market Corrections Can Often Be The Best Time To Invest

Posted on October 31, 2018November 7, 2018

Imagine you’re at the beach. You’re in the ocean, and you have a beach ball. Now, imagine that you take… Read More

When It Comes To Investing, How Much Risk Is Too Much?

Posted on October 31, 2018November 7, 2018

This has been a nerve-jangling month for many investors. Still, not everyone reacts exactly the same to selloffs and bad… Read More